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Jul 31, 2025

The Factors Affecting The Steel Market Are As Follows

1. Govern disorderly corporate competition in accordance with laws and regulations, and promote capacity management in key industries.

Macroeconomic policies must continue to be implemented and strengthened at the appropriate time. A more proactive fiscal policy and a moderately loose monetary policy must be implemented in detail to fully unleash their effects. Accelerate the issuance and use of government bonds to improve the efficiency of fund use. Ensure the "three guarantees" for grassroots organizations. Monetary policy should maintain ample liquidity and promote a decline in overall social financing costs. (Xinhua Finance)

2. The IMF raised its global growth forecast and called for the reduction of trade barriers.

The IMF noted that, affected by factors such as US trade policies, major global economies continue to face uncertainty, and the world economy remains relatively fragile. The report predicts that the world economy will grow by 3% and 3.1% in 2025 and 2026, respectively, an increase of 0.2 and 0.1 percentage points from the forecast in April this year. (Xinhua Finance)

3. Trends in green and intelligent development in my country's shipbuilding industry

China Shipbuilding Industry Corporation (CSIC) Chengxi Shipbuilding Industry Corporation (CSIC) delivered the deep-sea green and intelligent technology test vessel "Future," built for the Taihu Laboratory of Deep-sea Technology and Science. The "Future" deep-sea green intelligent technology test vessel is a "mobile offshore laboratory." It is 110.8 meters long, has a full-load displacement of 7,000 tons, a maximum speed of over 15 knots, a crew of 80, a cruising range of over 10,000 nautical miles, a self-sustaining capacity of over 60 days, unlimited navigation areas, and global navigation capabilities. (China Shipbuilding Industry Association

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